Original article by Max Mason, Anthony Macdonald
The Australian Financial Review – Page: 1 & 2 : 3-Jul-17

TPG Capital will not proceed with a $A2.7bn bid for Fairfax Media after undertaking due diligence. Rival private equity suitor Hellman & Friedman had not submitted a binding bid by the deadline of 30 June, and Fairfax CEO Greg Hywood has indicated that the media group will now press ahead with its proposal to spin off the Domain property listings business. Thorney Investment Group chairman Alex Waislitz supports the demerger plan, and he has previously forecast that Domain’s EBITDA could rise from around $A115m at present to at least $A200m in the future.

CORPORATES
FAIRFAX MEDIA LIMITED – ASX FXJ, TPG CAPITAL LP, HELLMAN AND FRIEDMAN, DOMAIN.COM.AU, THORNEY INVESTMENT GROUP AUSTRALIA PTY LTD, MACQUARIE MEDIA LIMITED – ASX MRN, STAN ENTERTAINMENT PTY LTD, AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS